One of the most important decisions to be made when launching a product or service. is setting the price. Ultimately you will want to make as much profit as you can from each sale, with prices set at the highest point possible before demand starts to decline, but numerous factors will influence your pricing structure. For a start, you must consider your business objectives for example, if your aim is just to maximise profits, you may set a higher price than if your objective is to increase market share or grow sales.
HMRC has decided against a ban on tax free individual savings accounts (ISAs) from holding less than a full share of a stock ahead of an expected rule change by the government.
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Inheritance tax (IHT) is a complex and often misunderstood aspect of tax law that can have significant implications for your estate. The new Labour government is likely to have plans to change the rules around inheritance tax and so we in this article, we look at the current rules.
As a Labour government takes office, we look at Labour’s stated intention to apply VAT to independent school fees. This initiative is part of their pledge to “recruit 6,500 new teachers in key subjects to prepare children for life, work and the future, paid for by ending tax breaks for independent schools.” They estimate the policy will raise around £1.6 billion, which is “urgently needed to improve the state school system” used by about 93% of students in the country.
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